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Driven Brands Holdings Inc.（DRVN）与FIRST HORIZON CORP（FHN）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是Driven Brands Holdings Inc.的1.7倍（$888.0M vs $535.7M），FIRST HORIZON CORP净利率更高（29.4% vs 11.4%，领先18.0%），FIRST HORIZON CORP同比增速更快（21.8% vs 6.6%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $39.5M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs -4.0%）
该文本描述的已并非当前标的公司Driven Brands Holdings Inc.的实际业务，此处介绍的是1929年由摩根大通整合多家食品烘焙企业合并成立的包装食品企业标准品牌公司，合并对象包括弗莱希曼公司、皇家发酵粉公司等多家食品相关企业。
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
DRVN vs FHN — 直观对比
营收规模更大
FHN
是对方的1.7倍
$535.7M
营收增速更快
FHN
高出15.2%
6.6%
净利率更高
FHN
高出18.0%
11.4%
自由现金流更多
FHN
多$349.5M
$39.5M
两年增速更快
FHN
近两年复合增速
-4.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $535.7M | $888.0M |
| 净利润 | $60.9M | $261.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.6% | 38.5% |
| 净利率 | 11.4% | 29.4% |
| 营收同比 | 6.6% | 21.8% |
| 净利润同比 | 507.2% | 57.2% |
| 每股收益（稀释后） | $0.37 | $0.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DRVNFHN
| Q4 25 | — | $888.0M | ||
| Q3 25 | $535.7M | $889.0M | ||
| Q2 25 | $551.0M | $830.0M | ||
| Q1 25 | $516.2M | $812.0M | ||
| Q4 24 | $836.5M | $729.0M | ||
| Q3 24 | $502.3M | $827.0M | ||
| Q2 24 | $518.8M | — | ||
| Q1 24 | $482.0M | $819.0M |
净利润DRVNFHN
| Q4 25 | — | $261.0M | ||
| Q3 25 | $60.9M | $262.0M | ||
| Q2 25 | $47.6M | $241.0M | ||
| Q1 25 | $5.5M | $218.0M | ||
| Q4 24 | $-312.0M | $166.0M | ||
| Q3 24 | $-14.9M | $218.0M | ||
| Q2 24 | $30.2M | — | ||
| Q1 24 | $4.3M | $192.0M |
营业利润率DRVNFHN
| Q4 25 | — | 38.5% | ||
| Q3 25 | 11.6% | 38.7% | ||
| Q2 25 | 6.9% | 37.2% | ||
| Q1 25 | 11.9% | 35.1% | ||
| Q4 24 | -41.6% | 28.8% | ||
| Q3 24 | 9.9% | 34.0% | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 14.1% | 31.0% |
净利率DRVNFHN
| Q4 25 | — | 29.4% | ||
| Q3 25 | 11.4% | 29.5% | ||
| Q2 25 | 8.6% | 29.0% | ||
| Q1 25 | 1.1% | 26.8% | ||
| Q4 24 | -37.3% | 22.8% | ||
| Q3 24 | -3.0% | 26.4% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 0.9% | 23.4% |
每股收益（稀释后）DRVNFHN
| Q4 25 | — | $0.51 | ||
| Q3 25 | $0.37 | $0.50 | ||
| Q2 25 | $0.29 | $0.45 | ||
| Q1 25 | $0.04 | $0.41 | ||
| Q4 24 | $-1.93 | $0.29 | ||
| Q3 24 | $-0.09 | $0.40 | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $0.02 | $0.33 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $162.0M | — |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $793.5M | $8.8B |
| 总资产 | $4.2B | $83.9B |
| 负债/权益比越低杠杆越低 | 2.44× | — |
8季度趋势，按日历期对齐
现金及短期投资DRVNFHN
| Q4 25 | — | — | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $166.1M | — | ||
| Q1 25 | $152.0M | — | ||
| Q4 24 | $149.6M | — | ||
| Q3 24 | $204.2M | — | ||
| Q2 24 | $148.8M | — | ||
| Q1 24 | $165.5M | — |
总债务DRVNFHN
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
股东权益DRVNFHN
| Q4 25 | — | $8.8B | ||
| Q3 25 | $793.5M | $8.9B | ||
| Q2 25 | $743.4M | $9.0B | ||
| Q1 25 | $643.2M | $8.7B | ||
| Q4 24 | $607.3M | $8.8B | ||
| Q3 24 | $962.8M | $9.0B | ||
| Q2 24 | $942.8M | — | ||
| Q1 24 | $906.2M | $8.9B |
总资产DRVNFHN
| Q4 25 | — | $83.9B | ||
| Q3 25 | $4.2B | $83.2B | ||
| Q2 25 | $4.3B | $82.1B | ||
| Q1 25 | $5.3B | $81.5B | ||
| Q4 24 | $5.3B | $82.2B | ||
| Q3 24 | $5.8B | $82.6B | ||
| Q2 24 | $5.8B | — | ||
| Q1 24 | $5.9B | $81.8B |
负债/权益比DRVNFHN
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 4.37× | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 3.21× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $79.2M | $396.0M |
| 自由现金流经营现金流 - 资本支出 | $39.5M | $389.0M |
| 自由现金流率自由现金流/营收 | 7.4% | 43.8% |
| 资本支出强度资本支出/营收 | 7.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.30× | 1.52× |
| 过去12个月自由现金流最近4个季度 | $31.1M | $595.0M |
8季度趋势，按日历期对齐
经营现金流DRVNFHN
| Q4 25 | — | $396.0M | ||
| Q3 25 | $79.2M | $-200.0M | ||
| Q2 25 | $80.4M | $83.0M | ||
| Q1 25 | $75.1M | $349.0M | ||
| Q4 24 | $32.9M | $191.0M | ||
| Q3 24 | $101.3M | $389.0M | ||
| Q2 24 | $46.9M | — | ||
| Q1 24 | $60.3M | $838.0M |
自由现金流DRVNFHN
| Q4 25 | — | $389.0M | ||
| Q3 25 | $39.5M | $-208.0M | ||
| Q2 25 | $9.0M | $74.0M | ||
| Q1 25 | $18.9M | $340.0M | ||
| Q4 24 | $-36.3M | $174.0M | ||
| Q3 24 | $37.9M | $383.0M | ||
| Q2 24 | $-19.5M | — | ||
| Q1 24 | $-29.2M | $828.0M |
自由现金流率DRVNFHN
| Q4 25 | — | 43.8% | ||
| Q3 25 | 7.4% | -23.4% | ||
| Q2 25 | 1.6% | 8.9% | ||
| Q1 25 | 3.7% | 41.9% | ||
| Q4 24 | -4.3% | 23.9% | ||
| Q3 24 | 7.5% | 46.3% | ||
| Q2 24 | -3.8% | — | ||
| Q1 24 | -6.1% | 101.1% |
资本支出强度DRVNFHN
| Q4 25 | — | 0.8% | ||
| Q3 25 | 7.4% | 0.9% | ||
| Q2 25 | 13.0% | 1.1% | ||
| Q1 25 | 10.9% | 1.1% | ||
| Q4 24 | 8.3% | 2.3% | ||
| Q3 24 | 12.6% | 0.7% | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 18.6% | 1.2% |
现金转化率DRVNFHN
| Q4 25 | — | 1.52× | ||
| Q3 25 | 1.30× | -0.76× | ||
| Q2 25 | 1.69× | 0.34× | ||
| Q1 25 | 13.65× | 1.60× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.78× | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 14.15× | 4.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
